Copa America 2024 Odds – How to Bet on Copa America

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With Costa Rica and Canada each securing two-goal wins in their Copa America playoff matches, the Copa America 2024 odds are officially set!

The 48th edition of South America’s premier competition will take place in the United States from June 20 to July 14 at 14 venues across the country. With the tournament expanding to 16 teams for just the second time ever, the Copa America schedule is set to be thrilling.

Now, let’s take a look at the Copa America odds, including the Copa America favorites.

Copa America 2024 Odds on BetOnline (as of April 11, 2024)

Nation Current Odds
Argentina +175
Brazil +225
Uruguay +500
Mexico +1200
Colombia +1200
USA +1200
Ecuador +1600
Chile +2800
Peru +5000
Venezuela +6600
Paraguay +6600
Canada +6600
Costa Rica +8000
Jamaica +15000
Panama +15000
Bolivia +15000

 

Argentina

Lionel Messi hoists the World Cup trophy
Image: David Ramos / FIFA

The defending Copa America winners, World Cup champions, world’s #1 ranked team, and current leaders in the CONMEBOL World Cup Qualifying table are, of course, the favorites at +175 on BetOnline.

Lionel Messi will turn 37 during the competition, but La Albiceleste are currently thriving thanks to their insane levels of defending. In fact, since defeating France on penalties in the 2022 World Cup final, Argentina’s defense has only allowed three goals in their last 12 games in all competitions.

However, Argentina does have to compete in arguably the most competitive group, with Chile, Peru, and Canada all fully believing that they can advance to the next round. Anyone who knows how to bet on soccer can see that group will be no walk in the park.

Argentina are still a whole level above that trio, though, and shouldn’t have any trouble advancing to the knockout stage. They’re also going to be in the far easier half of the bracket, making their run to the final easier.

Argentina has all the opportunity in the world to give Leo Messi a perfect send-off from major international competition.

Given he has declared himself retired from all future World Cups, this is almost certainly going to be the last time Messi suits up for Argentina. Retiring having won two Copa Americas and a World Cup would certainly be a fairytale ending and the perfect way to cement his legacy.

Brazil

No matter how much Brazil looks to be struggling, Brazil is still Brazil and will always be one of the favorites to win any major tournament. On BetOnline, Brazil comes in with the second-best Copa America betting odds to win the whole thing at +225.

Brazil are almost certain to reach the knockout stage from a group containing Colombia, Paraguay, and Costa Rica, three national sides that are far removed from their best days. While Colombia, for some reason, have odds of +1200 to win it all, Paraguay (+6600) and Costa Rica (+8000) have little-to-no chance to hoist the trophy at the end of the competition.

Though they have been a footballing nation in crisis and will likely arrive without Neymar, who misses out with an ACL injury he suffered in October, they still need to be considered one of the most dangerous teams in the competition.

While they may be in the tougher half of the bracket, their most troublesome opponents in their road to the final should be Uruguay and/or the United States, two sides they should defeat more times than not.

Uruguay

Though Uruguay come in as +500 to win in the latest Copa America odds on BetOnline, Uruguay have been in strong form and defeated Argentina and Brazil by 2-0 scorelines in World Cup Qualifying at the tail end of 2023.

La Celeste’s road to the knockout stage should nearly be automatic, though whether they’ll finish first or second remains in question. While hosts United States (+1200) will pose a great threat, Panama (+15000) and Bolivia (+15000) firmly bring up the rear in Group C and should be brushed off with ease.

While much is left to be desired on Uruguay’s back line, Uruguay’s midfield and attack are potentially the best in the competition. Darwin Núñez, Luis Suárez, and Federico Valverde present elite threats to their opponents and Uruguay are fully deserving of being one of the Copa America favorites.

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How to Bet on Copa America

Outright

Of course, as we covered above, you can bet on the outright winners of the competition. These will be the longest odds you can get for any of the teams at any stage of Copa America.

Most times, the earlier you bet on the outright winner, the better odds you’ll receive. Of course, as you saw with Argentina after their shock Saudi Arabia defeat, a stunning group-stage defeat could see their outright Copa America betting odds go much longer.

Group Winners

You can also get Copa America odds on who will win each of the four groups of four teams. Though most betting sites aren’t offering this market just yet, on some, you’ll find that Argentina, Mexico, Uruguay, and Brazil are all favorites to advance as group winners.

You can also, similarly, bet on teams to advance to the knockout stage from their group. Argentina (-3000), Uruguay (-1600), USA (-600), and Brazil (-1000) are all practically in the Copa America schedule for the playoff round.

Golden Boot

Next, we get to the Golden Boot, where you can bet on the overall top scorer of the competition. The best online sportsbooks will create this market after the official Copa America squads are announced but you can be sure that Vinicius Júnior, Lionel Messi, Richarlison, and Darwin Núñez will be among the favorites.

Copa America Dark Horses

United States

USMNT win the CONCACAF Nations League
Image: John Locher/AP

Team USA (+1200) will undoubtedly be one of the dark horses to win Copa America on the heels of back-to-back CONCACAF Nations League trophy wins.

As they prepare to co-host World Cup 2026, the Copa America hosts are going through what’s considered to be their second “golden generation” and expectations are sky-high for the Americans.

While many would argue against having Gregg Berhalter at the helm, few can argue with the technical quality of the USMNT starting XI, many of whom have star roles with European clubs. In fact, nearly the entire USMNT lineup plays for top-flight European sides, something that’s never been said before.

The fact that they are playing on home soil should only boost their chances of success. In order to reach the final, however, they’ll likely have to get through two of Brazil, Colombia, or Uruguay and have to face a giant like Argentina in the final.

Personally, I believe that the odds should be much longer than +1200 simply due to their tough road to the finals. But, I’m also convinced that the USMNT are capable of beating any team on any given day.

Mexico

The other one of CONCACAF’s perennial powerhouses, Mexico (+1200) should also be considered true challengers to hoist the trophy at the end of the competition. For one, Mexico has a reputation for being a constant pest on the international stage.

While Mexico just had their streak of seven-consecutive World Cup knockout stage appearances broken, via goal difference tiebreaker, they are a dangerous side for anyone to face and are able to play incredibly well as a unit, despite their lack of true star power.

Mexico are also on the easier half of the bracket and are -350 favorites on some betting sites to be group winners. They would likely only need to defeat a “second-rate side” like Chile, Peru, or Canada in order to clinch their place in the Copa America semi-finals.

Given Mexico’s path to victory, it’s quite likely that they would only need to perform a pair of minor upsets in order to claim their first Copa America title.

Given that Mexico have reached the Copa America final on two occasions (1993, 2001), that they are regular invitees (11th appearance), and the strong supporter turnout in the United States, El Tri should be considered serious contenders.

Venezuela

While Venezuela (+6600) are used to being one of the laughing stocks of CONMEBOL, they have proven themselves to be no pushover in this World Cup Qualifying cycle.

They are in legitimate contention to reach their first-ever World Cup finals, especially when you consider CONMEBOL has expanded from four automatic qualifiers and one intercontinental playoff bid to six automatic qualifiers and one playoff bid.

La Vinotinto have only suffered one WCQ defeat in six matches thus far and have achieved unheard of competitive results by thrashing Chile 3-0 and drawing 1-1 with Brazil. Venezuela also, recently, faced off against Italy at a neutral site and nearly found a shock result, conceding an 80th-minute winner.

Venezuela are in, arguably, the easiest group of the competition as well as the easiest half of the bracket. While it would still take a miracle for them to be crowned champions, their Copa America schedule and their recent form are worth sprinkling a little bet to win it all.

Copa America Qualifiers

Canada

With Canada (+6600) posing as a serious team for the first time in their nation’s history, Copa America will surely be a test to prove how far they’ve come on the international stage.

It’s worth remembering that they topped CONCACAF in 2022 World Cup Qualifying as they clinched a place in their second-ever World Cup. While they fell short in one of the toughest groups, they were hampered by injuries and still put up a very competitive showing in Qatar.

Copa America odds. Alphonso Davies
Alphonso Davies. Image Credit: Wikimedia Commons

With superstars Alphonso Davies and Jonathan David in the lineup, as well as a plethora of underrated team players, Canada certainly have the power to pull an upset against any team in the world. However, there are holes in their starting XI that good sides could exploit.

Bolivia

We personally don’t recommend even touching Bolivia (+15000) for a number of reasons. For one, they are in a top-heavy group with the United States and Uruguay and are almost certainly headed for a group-stage exit. They are also the lowest-ranked nation in the competition, last judged to be 85th in the FIFA Men’s World Ranking as of April 2024.

They also haven’t fared well in World Cup Qualifying, having won just one of their six matches thus far, defeating last-placed Peru 2-0 at home back in November.

At last check, Bolivia have only tasted victory three times in their last 19 appearances dating back to the end of January 2022. They defeated a post-World Cup Saudi Arabian ‘B’ side, the aforementioned Peru win, and lowly Andorra. Save your money.

Conclusion

Copa America is one of the most exciting competitions in world football and it will be a joy to see it played in a traditional 16-team format with a cutthroat group stage we’re only used to seeing at the World Cup.

While favorites Argentina and Brazil are certainly miles ahead of the pack, in this competition, anything can happen. We’re excited to see which of the Copa America favorites live up to the billing and if any dark horses or qualifiers can pull off some upsets.

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Blaise Bourgeois
Poker and Gambling Expert
Blaise Bourgeois
Poker and Gambling Expert

Blaise is an Expert Gambling Writer and a professional poker player in Brazil. He has played and traveled throughout Latin America for the last four-and-a-half years and recently won his first WSOP Circuit ring! He received his Master's in Sport Management and Sports Analytics from St. John's University. Blaise also holds a Mathematics and Computer Science degree from SUNY Purchase, where he still holds the school's Men's Soccer record for goals in a season. Blaise has worked for Catena Media, OddsSeeker, WSOP, PokerNews, and Poker.Org in various capacities. He has a passion for extensive research and aims to provide accurate…